4683 Broadway, Gary, IN 46409
4683 Broadway, Gary, IN 46409
4683 Broadway, Gary, IN 46409
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$399,900
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9,000 SqFt
Active

4683 Broadway Gary, IN 46409

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Maurice Cornett

Maurice Cornett

+1(219) 781-1169

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,000 sqft

Price per Sqft $44

Subdivision Broadway Realty & Inv Cos 01

MLS Listing ID 846244

HOA Y/N No

Year Built 1950

Annual Tax Amount $5,788

Tax Year 2025

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Mixed Use

Property Description

Highly visible, Mixed-Use, Six-Unit with consisted income. Located on Broadway in Gary, this established investment property offers a unique combination of 3 main floor commercial units, and 3 residential apartments above. There is a separately rented two-car garage creating seven income streams! This building has been the home of Gary's iconic Playboy Barbershop for the past 43 years. The three main floor business tenants have forced air heating with central air conditioning. Each business owner pays for their own gas, electric and water. Tenants include a barber shop, a woman's hair salon and a financial planner. The upper level includes three residential apartments. There are two units with two bedrooms and one unit with one bedroom. Each residential tenant is responsible for providing their own appliances and window air conditioning units. Each residential tenants pays for their own cooking gas, and electric. These units are boiler heated, with the expense of heat heating gas and water provided by the owner. The two car garage is also rented separately, creating a seventh income stream. New windows were installed on the second floor in 2024, the roof was replaced in 2021, the boiler was replaced in 2016. Playboy Barbershop will be moving with the sale of the building, but may be willing to sell some existing equipment to a new tenant or purchaser. This property offers an excellent opportunity for an investor seeking proven cash flow with significant upside potential as rents are increased over time. A unique combination of long-term tenants, multiple income streams, and future rental upside makes this a compelling investment opportunity. 4675 #1 Broadway = 2 Bedroom. 4675 #2 Broadway = 2 Bedrooms. 4675 #3 = 1 Bedroom. 4677 Broadway = Financial Planner. 4681 Broadway = Hair Salon. 4683 Broadway = Barbershop. The Schedule of Rents and Operating Income/Expenses are available upon request.

Location

State IN

County Lake

Zoning Commercial

Rooms

Basement Full, Unfinished, Storage Space, Sump Pump

Interior

Interior Features Entrance Foyer

Heating Baseboard, Other, Natural Gas, Hot Water, Forced Air, Central

Fireplace N

Appliance Water Heater

Exterior

Exterior Feature Lighting, Storage

Parking Features Detached, Garage Faces Side, On Street, Gravel, Off Street

View Y/N true

View City, Neighborhood

Building

Lot Description Near Public Transit, Rectangular Lot

Sewer Public Sewer

Water Public

Schools

School District Gary

Others

Tax ID 450834105008000004

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing NRA20261001213415934321000000

Listing Terms NRA20261001213415934321000000

Listed by Realty Executives Premier • William Kornblum

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Maurice Cornett

Maurice Cornett

Broker Associate License ID: 19001105, 3607323, 475.201736

+1(219) 781-1169

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4683 Broadway